View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
March 23, 2022

Morningstar Operating records 33.85% increase in production in November 2021

By Carmen

Morningstar Operating recorded an increase of 33.85% in total oil and gas production to 24,895.28 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Morningstar Operating declined 10.49% in November 2021 from 27,811.96 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production decreased by 9.47% from the same period in 2020.

The company’s oil production grew 135.28% to 4,039.8 bd in November 2021 from the previous month, while gas production up by 23.53% to 120.96 mmcf/d. On a YTD basis, oil production decreased by 13.2% in 2021 when compared with the same period in 2020, while gas production declined by 8.82%. Out of the total oil and gas production in November 2021, oil production held a 16.23% share, while gas production held an 83.77% share.


Looking at the states where Morningstar Operating recorded the highest oil and gas production in November 2021, New Mexico figured at the top, accounting for a 100% share. The company produced 22,970.56 boe/d in the state in November 2021, an increase of 37.03% from the previous month.

On a YTD basis, the company produced 2,61,338.95 boe/d in New Mexico in 2021, recording a decrease of 15.47% from the same period in 2020.



Morningstar Operating witnessed the highest oil and gas production in Lea county in November 2021. Out of all the counties, Lea county held a share of 39.06% for the firm. The company produced 9,723.86 boe/d in Lea county in November 2021, an increase of 178.86% in production when compared with the previous month.

On a YTD basis, the county produced 1,16,626.06 boe/d for the company in 2021, a 14.8% decrease from the same period in 2020.



Methodology

All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.

GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology